Glencore Share Discussion Threads

[waldron] 31/12/2019 16:42

still snug in the 220 to 250p BOX at 235.35p

[waldron] 31/12/2019 15:47

Iron Ore 91.52 USD -0.03(-0.03%)
Gold COMEX 1,526.30 +0.51%
Silver COMEX 18.04 +0.22%
Platinum NYMEX 984.40 +1.97%
Copper COMEX 2.81 -0.92%
Brent Crude Oil NYMEX 65.93 -1.11%
Gasoline NYMEX 1.70 -1.56%
Natural Gas NYMEX 2.16 -1.05%
(WTI) 60.98 USD -1.02%


Rio Tinto
4,503 -0.09%

Bhp
1,776.8 -0.75%

Anglo American
2,173 +0.09%

Glencore
235.35 -0.84%

[waldron] 31/12/2019 13:56

Price (GBX) 235.35 Var % (+/-) -0.84% (Down -2.00)
High 237.60 Low 235.15
Volume 8,026,533 Last close 235.35 on 31-Dec-2019
Bid 236.75 Offer 237.00

[waldron] 30/12/2019 17:12

Iron Ore 91.52USD -0.03(-0.03%)
Gold COMEX 1,518.50 +0.03%
Silver COMEX 18.02 +0.40%
Platinum NYMEX 965.80 +0.96%
Copper COMEX 2.82 -0.19%
Brent Crude Oil NYMEX 66.67 -0.30%
Gasoline NYMEX 1.73 -0.83%
Natural Gas NYMEX 2.21 -1.17%
(WTI) 61.55 USD -0.24%

Rio Tinto
4,507 -0.91%

Bhp
1,790.2 -1.14%

Anglo American
2,171 -0.23%

Glencore
237.35 -0.59%

[waldron] 27/12/2019 17:05

Iron Ore 91.55 USD -0.06(-0.07%)
Gold COMEX 1,518.50 +0.91%
Silver COMEX 18.02 +0.91%
Platinum NYMEX 957.00 -0.20%
Copper COMEX 2.82 -0.30%
Brent Crude Oil NYMEX 66.89 +0.19%
Gasoline NYMEX 1.76 +0.11%
Natural Gas NYMEX 2.20 -3.68%
(WTI) 61.72 USD +0.10%

Rio Tinto
4,548.5 +0.30%

Bhp
1,810.8 +1.08%

Anglo American
2,176 +0.28%

Glencore
238.75 +1.70%

[waldron] 23/12/2019 17:23

Iron Ore 91.72 USD -0.02(-0.02%)
Gold COMEX 1,487.40 +0.44%
Silver COMEX 17.48 +1.49%
Platinum NYMEX 936.70 +2.51%
Copper COMEX 2.81 +0.04%
Brent Crude Oil NYMEX 66.39 +0.38%
Gasoline NYMEX 1.71 +0.09%
Natural Gas NYMEX 2.23 -3.55%
(WTI) 60.57 USD +0.25%


Rio Tinto
4,559 +0.57%

Bhp
1,802.2 +0.46%

Anglo American
2,155.5 +0.54%

Glencore
235.55 -0.46%

[v11slr] 20/12/2019 18:32

"As I write, the stock is actually up about 11% compared to the day the news broke."

Glen closed on 4th Dec at 238p, the news came out on the 5th after lunch, the price is now 236p. So it hasn't quite got back to its pre-news price.

[misca2] 20/12/2019 17:29

THE MOTELY FOOL


Will investigations and controversy hurt the Glencore share price?

Karl Loomes | Friday, 20th December, 2019 | More on: GLEN
Screen of price moves in the FTSE 100
Image source: Getty Images.

As the world’s largest commodity trader, Glencore (LSE: GLEN) has seen its fair share of controversy in the past. News earlier this month that the UK’s Serious Fraud Office (SFO) is now investigating the company over “suspicions of bribery”, one would think, should hurt its shares. However, this has not been the case. As I write, the stock is actually up about 11% compared to the day the news broke.
Investigations a plenty

Though it seems surprising that the company’s shares are not suffering on the back of this latest news, perhaps taken in the context of the myriad investigations the firm is currently under, we can consider the risks and potential costs to be already priced in.

In July last year Glencore was subpoenaed by the US Department of Justice over corruption allegations, specifically a breach of the Foreign Corrupt Practices Act in Africa and South America.

The company is also under investigation by the US commodity market regulatory body – the Commodity Futures and Trading Commission – and in Brazil over the “car wash” corruption and bribery scandal.

The full details of this latest investigation from the SFO are being kept under wraps by the body, confirming only that it was investigating the “conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons”.

Most agree that it probably relates to its operations in the Democratic Republic of the Congo. It first emerged in 2018 that Glencore might come under investigation over its ties in the country to its former business partner billionaire, Dan Gertler.
Old boys’ club

Another allegation often thrown at Glencore is that it is an old boys’ club, with both a 1980’s style of brash commodity traders lower down the corporate ladder and a close-knit group of billionaires leading the firm. Indeed, in almost 50 years, the company has only had three CEOs.

This latest investigation is likely to put even more pressure on the firm to change this image as well. To be fair to Glencore, it has already indicated it plans to do exactly this.

At an annual investor briefing, CEO Ivan Glasenberg said “There are not many of us old guys left. So the old guys will be leaving. How soon? We are reviewing it right now. I would imagine it would occur next year”.

Given the controversial nature of all these investigations, it seems to me this kind of image change has to be a good thing for the company, though I think it is still very early days.

Meanwhile the investigations don’t just bring bad press, but depending on the findings may results in real fines for the company. These costs could have serious repercussions, not least to its future operations.

Commodity prices are far from certain, and personally I would like to see an end (one way or another) to these various investigations before I would be willing to risk an investment in Glencore.

[waldron] 20/12/2019 17:09

Iron Ore 91.74USD -0.26(-0.28%)
Gold COMEX 1,480.80 -0.24%
Silver COMEX 17.19 +0.21%
Platinum NYMEX 913.70 -2.33%
Copper COMEX 2.80 -0.83%
Brent Crude Oil NYMEX 66.17 -0.56%
Gasoline NYMEX 1.72 +0.47%
Natural Gas NYMEX 2.30 +1.59%
(WTI) 60.5 USD -0.90%

Rio Tinto
4,533 +0.81%

Bhp
1,794 -0.30%

Anglo American
2,144 -1.36%

Glencore
236.65 -1.25%

[sparty1] 20/12/2019 10:02

LSE boards down again. The regulars will be going stir crazy.. Interesting rns re Katanga.

[waldron] 19/12/2019 17:11

Iron Ore 92.00USD 0.01(0.01%)
Gold COMEX 1,482.30 +0.24%
Silver COMEX 17.10 +0.30%
Platinum NYMEX 936.20 +0.05%
Copper COMEX 2.82 +0.39%
Brent Crude Oil NYMEX 66.62 +0.68%
Gasoline NYMEX 1.71 +1.41%
Natural Gas NYMEX 2.26 -0.18%
(WTI) 61.26 USD +0.76%


Rio Tinto
4,496.5 +0.69%

Bhp
1,799.4 +0.10%

Anglo American
2,173.5 +0.23%

Glencore
239.65 +2.33%

[waldron] 18/12/2019 17:02

Iron Ore 91.99USD -0.10(-0.11%)
Gold COMEX 1,479.90 -0.05%
Silver COMEX 17.04 -0.19%
Platinum NYMEX 934.50 +0.51%
Copper COMEX 2.81 -0.28%
Brent Crude Oil NYMEX 66.09 -0.02%
Gasoline NYMEX 1.68 -0.40%
Natural Gas NYMEX 2.26 -2.04%
(WTI) 60.87 USD +0.51%


Rio Tinto
4,465.5 +0.20%

Bhp
1,797.6 +0.10%

Anglo American
2,168.5 -0.87%

Glencore
234.2 +0.86%

[waldron] 17/12/2019 18:02

Iron Ore 92.09 USD -0.01(-0.01%)
Gold COMEX 1,481.70 +0.08%
Silver COMEX 17.09 -0.13%
Platinum NYMEX 928.70 -0.28%
Copper COMEX 2.81 -0.04%
Brent Crude Oil NYMEX 66.02 +1.04%
Gasoline NYMEX 1.69 +1.07%
Natural Gas NYMEX 2.30 -1.07%
(WTI) 60.84 USD +1.21%

Rio Tinto
4,456.5 +1.05%

Bhp
1,795.8 +0.98%

Anglo American
2,187.5 +0.23%

Glencore
232.2 -0.49%

[waldron] 16/12/2019 17:22

Iron Ore 92.10USD -0.17(-0.18%)
Gold COMEX 1,478.90 -0.16%
Silver COMEX 17.06 +0.28%
Platinum NYMEX 929.40 +0.06%
Copper COMEX 2.81 +1.11%
Brent Crude Oil NYMEX 65.45 +0.35%
Gasoline NYMEX 1.66 -0.05%
Natural Gas NYMEX 2.34 +2.67%
(WTI) 60.12 USD +0.62%


Rio Tinto
4,410 +2.07%

Bhp
1,778.4 +2.31%

Anglo American
2,182.5 +2.27%

Glencore
233.35 +3.34%